Where did Omicron Covid variant come from and where is it circulating?

A doctor wearing personal protective equipment looks before taking a house-to-house coronavirus test on July 21, 2020 in Lima, Peru. Raul Cifuentes | Getty Images News | Getty Images LONDON – With more cases of the new omicron Covid variant emerging around the world, experts say it is possible that the variant, first identified in … Read more

European markets troubled as omicron Covid variant fears return

LONDON – European shares are expected to open lower on Thursday as concerns over the omicron Covid formula persist. The UK’s FTSE fell 80 points at 7086, the German DAX fell 176 points at 15,295, the French CAC 40 fell 91 points at 6797, and the Italian FTSE MIB fell 326 points at 26,026, according … Read more

Oil output policy in focus as omicron rattles markets

A picture of the OPEC logo prior to an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters A group of some of the world’s most powerful oil producers are meeting on Wednesday to discuss the potential impact of the new omicron Covid variable … Read more

Oil prices could soar to $150 in a fully reopened world: Jefferies

Oil prices could move “significantly above” current levels due to the deep world’s dependence on fossil fuels and could reach $150, says Christopher Wood of Jefferies. “In a world that’s really reopened — which is a big thing — the price of oil could go up exponentially,” Wood, the investment bank’s global head of equity … Read more

Vaccine inequality to blame for omicron, says Rockefeller Foundation

Rajiv Shah, President of the Rockefeller Foundation Jason Eldin | Bloomberg | Getty Images According to Rajiv J. Shah, president of the Rockefeller Foundation, the failure of wealthier countries to quickly and widely share Covid-19 vaccines with developing countries is a major reason for the emergence of the new omicron variant. South African scientists reported … Read more

Coffee could rally for years after hitting 10-year high, analysts say

Yating Co | iStock | Getty Images Coffee prices have reached a 10-year high, and analysts expect the market to remain tight until 2023. Coffee contracts for December delivery ended Monday’s trading session at $2.34 a pound. On Thursday, coffee futures on the New York Intercontinental Exchange reached $2.46, marking the highest price since 2011, … Read more

new Omicron Covid strain may weigh on growth outlook

Workers unload bags of rice at a grocery store, known as Kirana, in Bengaluru, India, on Monday, June 21, 2021. D Dheeraj Singh | Bloomberg | Getty Images India’s economy expanded in line with market expectations for the quarter ending in September, but economists say risks such as the new alternative to Covid omicron could … Read more

Global hopes pinned on vaccine makers to overcome omicron variant

A laboratory technician wearing a full body protective suit handles a bottle containing growth media for virus production during coronavirus vaccine research at Valneva SA Laboratories in Vienna, Austria. Bloomberg | Bloomberg | Getty Images LONDON – As the new omicron Covid variant spreads around the world, hopes are pinning on vaccine makers’ ability to … Read more

European markets optimistic that omicron variant won’t derail recovery

LONDON – European shares are expected to open higher on Tuesday amid cautious optimism that the omicron Covid variable may not derail the global economic recovery, as initially expected. The UK’s FTSE is expected to rise 31 points at 7148, Germany’s DAX rise 71 points at 15,348, France’s CAC 40 rise 23 points at 6799, … Read more

Omicron B.1.1.529 variant spreads across world: Here’s what we know

International passengers walk through the arrivals area of ​​Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images The highly mutated omicron Covid-19 variant has been detected in more countries as governments around the world consider new travel bans and restrictive measures. On Monday, … Read more